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China fund to withdraw from bailout plan for Japan Display

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This is really sad... I really really hope for a better future. Japan's tech industry can't go on without a display maker. I mean yeah you've got Sharp n all but it's not the same. As a Japanese-tech-nophile I sincerely hope for the best.

4 ( +5 / -1 )

Another day, another Japanese tech company bites dust.

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Not surprised. prc's usual bait and switch tactic.

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Samit BasuToday  09:26 am JST

Another day, another Japanese tech company bites dust.

Which Japanese tech company bit the dust yesterday? And the day before that? And the day before that?

I'd be more interested in which South Korean tech companies get bought out by the Chinese and get rolled into Huawei etc and lose any identity they managed to hang onto. That would be sad as it would prove that South Korean companies' only worth to China was for tech transfer (illicit or otherwise) from Japan.

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@Samit Basu

Minoru Kikuoka, chief financial officer of the display maker, stressed Thursday night, "We've secured enough cash and there will not be any financial problem."

Doesn't look like it's the end of Japan Display:

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@Samit Basu

Care mentioning recent Japanese tech brands that have, as you say, "bit the dust"?

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Basically, the Chinese investment group wanted to steal the company and Japan Inc said no!

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Basically, the Chinese investment group wanted to steal the company and Japan Inc said no!

It could be that the chinese investment group wanted to put money and have a greater say and Japan display wanting the money and resisting investor influence.

Look at the Renault- Nissan relationship.

1 ( +2 / -1 )

More money to do exactly the same thing. It won’t be long until they run out of money again.

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@Tawkeeo

Care mentioning recent Japanese tech brands that have, as you say, "bit the dust"?

1) Toshiba

2) Hitachi

3) Sony Mobile

4) Japan Display

5) Elpida Mobile

6) Sharp(Now Taiwan owned)

1 ( +3 / -2 )

@Samit Basu

1) Not sure. Toshiba has had the worst decade for damn sure but it's still making products on a worldwide scale. AC units (at least in Europe AFAIK), other home appliances, TVs, memory-related products, etc. Sadly no longer really making PCs and many of its divisions were either shut down or sold but it's still somewhat alive.

2) Correct me if I'm wrong but were consumer electronics ever a huge thing for Hitachi? Hitachi's a huge huge company that makes god knows how many things (in many different areas, not just electronics), so this one definitely hasn't bit the dust.

3) A part/brand of Sony so it definitely hasn't bit the dust. It ain't selling well either, but still alive. As for the rest of Sony... from PlayStation to Bravia to headphones to w/e else they make, I think they're doing great. And will probably do even better in the future.

4) Hasn't bit the dust yet, and probably never will, or hopefully.

5) Technically still alive under a different name IIRC, haven't looked into this one in a long while so you're maybe right.

6) C'mon, this one's still alive too. The fact that it was bought out doesn't mean anything... It's still Sharp. R&D done here in Japan, etc etc. This is like saying that Pioneer, Denon, Onkyo, and Marantz have bit the dust because they were bought by Sound United, which obviously isn't the case. I'd much rather see financially-wounded or niche brands get bought out so they survive (like the 4 aforementioned Sound United ones), than just disappear, like Sansui, Akai, and many other legendary brands.

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Considered as a threat by the Japanese government, how is it that a communist run group can even be considered a likely candidate to own anything Japanese?

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Where is the money made by the company as an Apple supplier?? That is one contract most companies would wish to have. Why would a company who supplies Apple need bailing out?

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@Melissa Shimosato

Where is the money made by the company as an Apple supplier??

Only two Apple suppliers make money, Samsung and TSMC, because parts they sell aren't easily second sourced and command premium prices.

Everyone else is operating at a 1% margin.

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